"}},{"@type":"Question","name":"Who owns MetLife now?","acceptedAnswer":{"@type":"Answer","text":"All existing MetLife home and auto insurance policies are now completely handled by Farmers Insurance. All other types of MetLife coverage, such as health and life insurance, are still available from MetLife, though. MetLife was founded in 1868, and it has been completely public since 2000."}},{"@type":"Question","name":"What happened to MetLife insurance?","acceptedAnswer":{"@type":"Answer","text":"Why does MetLife no longer sell individual life insurance or annuities through in-person agents? We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers."}},{"@type":"Question","name":"What is the new name for MetLife?","acceptedAnswer":{"@type":"Answer","text":"Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states."}},{"@type":"Question","name":"Did MetLife merge?","acceptedAnswer":{"@type":"Answer","text":"MetLife, Inc. (NYSE: MET) today announced that it had completed the mergers of its subsidiaries MetLife Insurance Company of Connecticut, MetLife Investors USA Insurance Company, MetLife Investors Insurance Company and Exeter Reassurance Company Limited."}},{"@type":"Question","name":"Who bought MetLife home loans?","acceptedAnswer":{"@type":"Answer","text":"MetLife Bank was, and MetLife Home Loans LLC is, a wholly owned subsidiary of MetLife Inc., a holding company headquartered in New York City."}},{"@type":"Question","name":"What did MetLife used to be called?","acceptedAnswer":{"@type":"Answer","text":"MetLife traces its roots back to the foundation of the National Union Life and Limb Insurance Company in 1863, which provided wartime-related disability coverage for Civil War sailors and soldiers. In 1864, the company had written 17 life policies and 56 accident policies."}},{"@type":"Question","name":"Is MetLife now foremost?","acceptedAnswer":{"@type":"Answer","text":"2021. The Farmers Insurance Group® acquired MetLife Auto & Home® business from MetLife®, creating exciting opportunities for customers and independent agents. Also, the Foremost logo was updated to reflect a fresh design."}},{"@type":"Question","name":"What type of insurance is MetLife?","acceptedAnswer":{"@type":"Answer","text":"Insurance for Every Stage

MetLife's insights and expertise provide a wide range of benefit solutions. From health, auto, legal, life, and so much more."}},{"@type":"Question","name":"Did farmers buy out MetLife?","acceptedAnswer":{"@type":"Answer","text":"Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion."}},{"@type":"Question","name":"Who is the new CEO of Farmers Group?","acceptedAnswer":{"@type":"Answer","text":"Raul Vargas is CEO of Farmers Group, Inc. (Farmers)."}},{"@type":"Question","name":"How much does the CEO of farmers make?","acceptedAnswer":{"@type":"Answer","text":"
Insurance CEO compensation – personal lines insurers
InsurerCEO2022 compensation
GEICOTom Combs$13.6 million
ProgressiveSusan Patricia Griffith$12.7 million
FarmersJeffrey Dailey$9.7 million
American FamilyJack Salzwedel$6.7 million
7 more rows
Nov 20, 2023
"}}]}}

The Farmers Exchanges and Farmers Group, Inc. (FGI) Close Acquisition of MetLife Auto & Home Property and Casualty Business (2024)

Advertisem*nt produced on behalf of the following specific insurers and seeking to obtain business for insurance underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Insurance Company of Washington (Bellevue, WA) or affiliates. In TX: insurance is underwritten by Farmers Insurance Exchange, Fire Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company, Farmers Texas County Mutual Insurance Company, Mid-Century Insurance Company of Texas or Texas Farmers Insurance Company. In NY: insurance is underwritten by Farmers Insurance Exchange, Truck Insurance Exchange, Mid-Century Insurance Company or Farmers New Century Insurance Company. Home office, Los Angeles, CA.

Farmers GroupSelectSM products are underwritten by: Farmers Property and Casualty Insurance Company (a MA licensee), Farmers Casualty Insurance Company, Farmers Group Property and Casualty Insurance Company (CA # 2460-4, Warwick, RI), Farmers Direct Property and Casualty Insurance Company (CA # 1669-1, Warwick, RI), Farmers Lloyds Insurance Company of Texas, Economy Preferred Insurance Company, or Economy Fire & Casualty Insurance Company, all with administrative home offices in Warwick, RI.

Each of following insurers who transact business in California are domiciled in California and have their principal place of business in Los Angeles, CA: Farmers Insurance Exchange (#R 201), Fire Insurance Exchange (#1267-4), Truck Insurance Exchange (#1199-9), Mid-Century Insurance Company (#1428-2).

Life insurance issued by Farmers New World Life Insurance Company, a Washington domestic company: 3120 139th Ave. SE, Ste. 300 Bellevue, WA 98005 (CA#: 0378-0). Farmers New World Life is not licensed and does not solicit or sell in the state of New York.

Securities offered through Farmers Financial Solutions, LLC, (In NY: Farmers Financial Solutions and Insurance Agency), 31051 Agoura Road, Westlake Village, CA 91361. Member FINRA & SIPC

Each insurer has sole financial responsibility for its own insurance. List of all insurers and states where licensed at farmers.com/companies/state/. Not all insurers are authorized in all states. Not all products, coverages, features and discounts are available in every state and may vary by state. Restrictions, exclusions, limits, and conditions apply. See agent for details.

The Farmers Exchanges and Farmers Group, Inc. (FGI) Close Acquisition of MetLife Auto & Home Property and Casualty Business (2024)

FAQs

Did Farmers buy MetLife auto and home? ›

Yes, Farmers Insurance bought MetLife's home and auto insurance business.

Who took over MetLife homeowners insurance? ›

NEW YORK, April 07, 2021

MetLife, Inc. (NYSE: MET) today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94 billion in cash.

Is MetLife Insurance and Farmers Insurance the same company? ›

Important note: As of April 2021, The Farmers Insurance Group has acquired all MetLife auto and homeowners policies.

Who owns Farmers Insurance Group? ›

Who owns MetLife now? ›

All existing MetLife home and auto insurance policies are now completely handled by Farmers Insurance. All other types of MetLife coverage, such as health and life insurance, are still available from MetLife, though. MetLife was founded in 1868, and it has been completely public since 2000.

What happened to MetLife insurance? ›

Why does MetLife no longer sell individual life insurance or annuities through in-person agents? We have separated part of our U.S. business from MetLife to become its own company, called Brighthouse Financial, Inc. As a separate company, Brighthouse Financial focuses on retail products for consumers.

What is the new name for MetLife? ›

Today, MetLife Insurance Company USA is Brighthouse Life Insurance Company, licensed in 49 states.

Did MetLife merge? ›

MetLife, Inc. (NYSE: MET) today announced that it had completed the mergers of its subsidiaries MetLife Insurance Company of Connecticut, MetLife Investors USA Insurance Company, MetLife Investors Insurance Company and Exeter Reassurance Company Limited.

Who bought MetLife home loans? ›

MetLife Bank was, and MetLife Home Loans LLC is, a wholly owned subsidiary of MetLife Inc., a holding company headquartered in New York City.

What did MetLife used to be called? ›

MetLife traces its roots back to the foundation of the National Union Life and Limb Insurance Company in 1863, which provided wartime-related disability coverage for Civil War sailors and soldiers. In 1864, the company had written 17 life policies and 56 accident policies.

Is MetLife now foremost? ›

2021. The Farmers Insurance Group® acquired MetLife Auto & Home® business from MetLife®, creating exciting opportunities for customers and independent agents. Also, the Foremost logo was updated to reflect a fresh design.

What type of insurance is MetLife? ›

Insurance for Every Stage

MetLife's insights and expertise provide a wide range of benefit solutions. From health, auto, legal, life, and so much more.

Did farmers buy out MetLife? ›

Farmers Completes Acquisition of MetLife Auto & Home Business for $3.9 Billion.

Who is the new CEO of Farmers Group? ›

Raul Vargas is CEO of Farmers Group, Inc. (Farmers).

How much does the CEO of farmers make? ›

Insurance CEO compensation – personal lines insurers
InsurerCEO2022 compensation
GEICOTom Combs$13.6 million
ProgressiveSusan Patricia Griffith$12.7 million
FarmersJeffrey Dailey$9.7 million
American FamilyJack Salzwedel$6.7 million
7 more rows
Nov 20, 2023

Who owns Metropolitan Property and Casualty Insurance? ›

Who bought Home Beneficial life insurance company? ›

American General, a financial services company based in Houston, said Home Beneficial shareholders had elected to receive $287 million of cash and 9.4 million American General common shares.

Who bought Farm Family insurance? ›

United Farm Family Insurance Company

American National acquired Farm Family Holdings, Inc. in 2001.

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